Guideline Value for THIRUMETTRALESWARAR KOIL STREET

Thirumettraleswarar Koil Street guideline value

The current guideline value for Thirumettraleswarar Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, classified as Residential Class II Type - II.

How the guideline value of Thirumettraleswarar Koil Street has changed

Since the 2003 revision, the guideline value for Thirumettraleswarar Koil Street has seen significant changes. In 2003, the value was Rs 231 per sq.ft, which increased to Rs 350 per sq.ft in 2007, marking a 52% rise. The value then surged to Rs 1,000 per sq.ft in 2012, an increase of 186%. However, it dropped to Rs 670 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision set the value at Rs 1,000 per sq.ft, which then rose to Rs 1,100 per sq.ft in 2024, a 10% increase. Notably, the register has no figure for the year 2002 for this street.

Overall, from 2003 to 2024, the guideline value has increased by 376%. The changes between the revisions highlight the fluctuations in the guideline value over the years, illustrating how property valuation can vary significantly over time.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 1,320 per sq.ft, indicating that Thirumettraleswarar Koil Street's 2024 figure is below this median.

• Thirumal Raja Street: Rs 880 per sq.ft (2024)
• Therkku Pattarai: Rs 3,300 per sq.ft (2024)
• Thiruvegampan Street: Rs 880 per sq.ft (2024)
• Thayar Kulam Street: Rs 880 per sq.ft (2024)
• Thanappan Nayakkan Street: Rs 1,100 per sq.ft (2024)
• Sundari Avenue Extension: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumettraleswarar Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value is Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumettraleswarar Koil Street?

The Sub Registrar Office that covers Thirumettraleswarar Koil Street is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a crucial factor during the registration of property transactions in KANCHIPURAM TOWN 3rd DIVISION. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential to understand that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Thirumettraleswarar Koil Street?

The current guideline value of Thirumettraleswarar Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 231 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 376% over the years.

What is the registration office for Thirumettraleswarar Koil Street?

The registration office for Thirumettraleswarar Koil Street is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

What are the other streets in KANCHIPURAM TOWN 3rd DIVISION?

Other streets in KANCHIPURAM TOWN 3rd DIVISION include Thirumal Raja Street, Therkku Pattarai, Thiruvegampan Street, Thayar Kulam Street, and Thanappan Nayakkan Street, each with varying guideline values.

How is stamp duty calculated for properties in Thirumettraleswarar Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 11,00,000 incurs a stamp duty of Rs 77,000 at 7%.